Aloha & Good Morning!
The current Maui temperature today will be a high of 83 degrees with the slight chance of a rain shower. Is 2012 your year to buy property on Maui? There are lots of exciting opportunities for anyone who wants to own a piece of Maui paradise. From those who already live on-island to the many visitors who decide they must have a piece of paradise to call their own... Maui is desired among the many.
There is a new program I just learned about called the "Buy With Confidence" program. This program is being offered by Kehalani Communities and is open till March 2012. There are several deals to take advantage of so please let me know if you would like more info or you would like to schedule a showing at one of these locations.
ARTICLE: Popular Maui Homebuilder Announces "Buy with Confidence" Programs on New Releases of Maui Homes.
Here is great article with tips to help you get more insight on how you can find and move into a great new home. As always, I'm here to be your trusted Maui Real Estate professional. Please let me know if there is ever anything I can do to bring you news and information on a particular property or area of Maui that you are interested in.
ARTICLE: Top 10 Tools for Finding and Moving into a Great New Home
Don't forget to get your name in for this year's exciting i-Pad giveaway! Check out the details HERE!
Looking for the current Bank Owned Foreclosures on Maui? Click HERE.
Last Week In The News
Pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%. The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing applications decreased 5.2%. Purchase volume fell 5.4%.
Orders for durable goods — items expected to last three or more years — rose $6.2 billion or 3% to $214.5 billion in December. This increase surpassed the 2.2% economists had anticipated and follows a 4.3% surge in November. Excluding volatile transportation-related goods, orders posted a monthly increase of 2.1%.
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%.
Retail sales fell 1.4% for the week ending January 21, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.8%.
The Commerce Department announced that gross domestic product — the total output of goods and services produced in the U.S. — increased at an annual rate of 2.8% in the fourth quarter of 2011. This follows a 1.8% pace of growth in the third quarter of 2011. For all of 2011, initial reports indicate the economy expanded 1.7%.
Initial claims for unemployment benefits rose by 21,000 to 377,000 for the week ending January 21. Continuing claims for the week ending January 14 rose by 88,000 to 3.554 million.
Upcoming on the economic calendar are reports on the housing price index on January 31, construction spending on February 1 and factory orders on February 3.
Craig Haueisen is a Loan Officer with Prospect Mortgage. Please feel free to email him or call him for any of your Mortgage needs.
Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.comClick here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
No comments:
Post a Comment